Vilas Joshi

SAT-appeal

• The appellants were charged in connection with allegedly fraudulent and unfair conduct relating to the company's GDR issuance because they signed the board resolution authorizing the GDR issues and empowering the Managing Director to execute documents.
  Impugned WTM order quashed insofar as it related to the three appellants. · Appeals allowed with no order as to costs.
  Appeal: Appeal Nos. 561, 562 and 563 of 2021 allowed and disposed of by SAT on 30 August 2021.
• SAT matter SATV-50F00A47733EB708DBDB2998
  Appeals taken up together as against a common order · Adjourned on SEBI request to seek instructions
  Appeal: Appeal Nos. 91, 92 and 93 of 2022 pending before SAT; adjourned to 08 March 2022, not disposed
• Non-executive directors charged as signatories to board resolution authorising GDR issue in GDR fraud case; no other role alleged.
  Impugned WTM order quashed qua appellants at admission stage without calling reply · Appeals allowed with no order as to costs
  Appeal: Appeal Nos. 561, 562, 563 of 2021 with Misc. Applications 858, 859, 864 of 2021 allowed/disposed on 30.08.2021
• Non-executive directors held liable for fraudulent GDR issuance merely for signing board resolution authorising GDR issue and empowering Managing Director
  Impugned WTM order dated June 22, 2021 quashed qua appellants at admission stage without calling for reply · Appeal Nos. 561, 562 and 563 of 2021 allowed with no order as to costs
  Appeal: Appeal Nos. 561, 562 and 563 of 2021 with Misc. Applications Nos. 858, 859, 864 of 2021 allowed/disposed of on 30.08.2021
• SAT matter SATV-63C71D3A7C601D1AD545E8E3
  Impugned SEBI order quashed insofar as it relates to the appellants · Appeals allowed with no order as to costs
  Appeal: Appeal Nos. 91, 92 and 93 of 2022 allowed and disposed of by decision dated 08.03.2022
• SAT matter SATV-A1A9448CC0004B9254C8E70A
  Impugned SEBI order quashed qua the three appellants · Appeals allowed with no order as to costs
• Alleged fraud involving pledging of GDR proceeds with Banco Efisa via account charge and escrow agreements to secure loan availed by Fresia, and liability of directors signing board resolutions.
  Common Review Application No.17 of 2021 dismissed with no order as to costs
• SAT matter SATV-9EE493D933F9E996672BE701
  Order reserved on Common Review Application No. 17 of 2021 · Parties to act on digitally signed copy sent by fax and/or email
  Appeal: Common Review Application No. 17 of 2021 in Appeal Nos. 561, 562, 563 of 2021 - order reserved on 22.10.2021
• SAT matter SATV-DC552C11CB02F51843E1F80D
  Appeals adjourned and to be listed on March 08, 2022 · Parties to take instructions from Registrar 48 hrs before fixed date on video conference vs physical hearing
  Appeal: Appeal Nos. 91, 92 and 93 of 2022 pending; adjourned to March 08, 2022 with no disposal
• SAT matter SATV-8CC3DAC9BAA88D132F12770B
  Impugned SEBI order quashed insofar as it relates to the appellants · Appeals allowed with no order as to costs
  Appeal: Appeal Nos. 91, 92 and 93 of 2022 allowed on 08.03.2022; impugned order quashed qua appellants
• SAT matter SATV-AC14D1989C8AB7B3BCF1A230
  Matters adjourned and directed to be listed on March 08, 2022 · Parties to ascertain from Registrar 48 hrs before fixed date whether hearing via video conference or physical
  Appeal: Appeal Nos. 91, 92 and 93 of 2022 against common SEBI order pending; adjourned to March 08, 2022